HCL Tech, Inox Wind, AU Small Finance Bank: How to trade these 3 buzzing stocks
An analyst from Anand Rathi said that Inox Wind is facing strong resistance near the Rs 180 mark at the current juncture and has been unable to close above it decisively.
- Apr 22, 2025,
- Updated Apr 22, 2025 7:18 AM IST
Indian benchmark indices kicked-off the new week on a strong note and managed to settle with big gains, thanks to strong buying in the banking stocks post upbeat quarterly results amid absence of any major global cues. BSE Sensex surged 855.30 points, or 1.09 per cent to settle at 79,408.50, while NSE's Nifty50 rallied 273.90 points, or 1.15 per cent to end at 24,125.55 for the day.
Select buzzing stocks including HCL Technologies, AU Small Finance Bank and Inox Wind are likely to remain under the spotlight of traders for the session today. Here is what Jigar S Patel, Technical Research Analyst at Anand Rathi Shares and Stock Brokers has to about these stocks ahead of Tuesday's trading session:
Inox Wind is facing strong resistance near the Rs 180 mark at the current juncture and has been unable to close above it decisively. This level holds technical significance, and the price action suggests hesitation around this zone. Therefore, it is advisable to book profits in the Rs 175–180 range. A weekly close above Rs 180 would indicate a potential breakout, signalling the possibility of renewed bullish momentum. Until such confirmation is seen, fresh buying should be avoided. Waiting for a clear close above resistance ensures better risk-reward and minimizes the chances of getting trapped in a false breakout scenario.
Indian benchmark indices kicked-off the new week on a strong note and managed to settle with big gains, thanks to strong buying in the banking stocks post upbeat quarterly results amid absence of any major global cues. BSE Sensex surged 855.30 points, or 1.09 per cent to settle at 79,408.50, while NSE's Nifty50 rallied 273.90 points, or 1.15 per cent to end at 24,125.55 for the day.
Select buzzing stocks including HCL Technologies, AU Small Finance Bank and Inox Wind are likely to remain under the spotlight of traders for the session today. Here is what Jigar S Patel, Technical Research Analyst at Anand Rathi Shares and Stock Brokers has to about these stocks ahead of Tuesday's trading session:
Inox Wind is facing strong resistance near the Rs 180 mark at the current juncture and has been unable to close above it decisively. This level holds technical significance, and the price action suggests hesitation around this zone. Therefore, it is advisable to book profits in the Rs 175–180 range. A weekly close above Rs 180 would indicate a potential breakout, signalling the possibility of renewed bullish momentum. Until such confirmation is seen, fresh buying should be avoided. Waiting for a clear close above resistance ensures better risk-reward and minimizes the chances of getting trapped in a false breakout scenario.